The Business Growth Blog

Do You Have the DESIRE to Succeed? I’ve long suspected that business success, like any noble endeavor, ultimately depends on DESIRE. Skeptical? Here’s a question: What’s the one indispensable component for building a successful business? Is it IDEAS?  Nope. Ideas are everywhere. Since 1968, attempts to create a tablet included the Dynabook, the GRIDPad, and […]

For years, I’ve noticed a pattern with small to midsize companies. They go through cycles of intense activity and success, followed by burnout and stagnation. It left me wondering, why do they do this to themselves? Wouldn’t consistent, stable performance be more productive and less stressful? Then I had a flashback to my college days—nights […]

What a pleasant surprise meeting Scott Medeiros at XPX Atlanta. He turns out to be an avid reader of the books behind Summit OS® – stevepreda.com. Excited to meet exit planners, investment bankers, wealth managers and other advisors at this well-organized and growing event. Come by the Summit OS booth to say hello and pick […]

Do you want to grow your business? If your answer is yes, here’s some bad news: growth comes with its fair share of pain, often showing up as chaos that you might not be used to seeing in your business. Let me explain. If you’re running a business that’s treading water, you might feel uneasy […]

Shiny Object Syndrome (SOS) is a condition recognized by many entrepreneurs. It’s that urge to impulsively start “promising” projects, launch new products and services, and dabble in miracle marketing methods. Pretty soon, your company is stretched thin trying to manage both your legacy business and these shiny new ideas. Sadly, many of these ideas don’t […]

If you’re familiar with business operating systems like Scaling Up, EOS, Pinnacle, or Summit OS, you’ve heard about Rocks. They go back to Stephen Covey’s “rocks-pebbles-sand” analogy, showing how important initiatives should always trump urgent tasks in your business (and life). Less is more. I believe Rocks are about carving out time to work on […]

Fear is normal for an entrepreneur. If you never feel fear, it means you’re not failing, which means you’re not trying new things—and if you’re not trying new things, you’re not growing your business. Entrepreneurs often oscillate between euphoria and fear. One doesn’t happen without the other. Fear and anxiety are the “morning after” effects […]

Like Gino Wickman, Shannon Byrne Susko started as a member of Verne Harnish’s Gazelle program and she was inculcated in Rockefeller Habits and Scaling Up principles. Her system, documented in her books (The Metronome Effect (2014) and The 3HAG Way (2018)), evolved from Scaling Up’s toolset. However, there are some notable differences. Susko recognizes the […]

John Doerr was an electrical engineer who started at Andy Grove’s Intel, which he left to become one of the most successful venture capitalists in America. He has backed Amazon, AOL, Compaq, Google, Netscape, Twitter, Slack, and other successful tech businesses. Doerr took Andy Grove’s objectives and key results (OKRs) management tool with him and […]

The 4 Disciplines of Execution (4DX) program, created by FranklinCovey, drives organizational results through behavior change. 4DX focuses on articulating your major, definite objective, the one it calls the Wildly Important Goal (WIG or The War) and then breaking it down into a handful of “WIG Battles” and quarterly execution steps. The process includes keeping […]

Following the publication of Traction, Verne Harnish came up with “Rockefeller Habits 2.0” and titled it Scaling Up. This is a system directed at strengthening fast-growth companies, organized around four areas: people, strategy, execution, and cash. In Scaling Up, Harnish updated the One Page Strategic Plan and added a thinking tool he calls the 7 […]

Patrick Lencioni is a management consultant and alumnus of Bain & Company and Oracle who struck out on his own and has published a dozen business books since 1998. He runs the Table Group. Lencioni writes about team dynamics and how to make organizations perform better. Most of his books, such as “Five Dysfunctions of […]

Keith McFarland, former CEO of twice Inc. 500 winning Colletech Systems, credits a chance meeting with Jim Collins for inspiring his research that led to The Breakthrough Company. McFarland replicated Collins’s Good to Great process, conducted for the elite of the Fortune 500, and applied it to small, fast-growing companies. The Rapid Enterprise Development team […]

Gino Wickman joined his family sales training business at age 25. He soon discovered that his father was more of an entrepreneur than a manager, more excited about ideas, strategy, and clients than managing a profitable business. Gino jumped in and helped to right the ship and grow and sell the business. Wickman embraced the […]

With so many brands out there vying for attention, the question of what makes a brand stand out becomes increasingly pertinent. How does a brand become more than just a name or a logo, evolving into a recognizable identity synonymous with unique values and quality? That is something that this week’s featured guest is sharing. […]

Verne Harnish studied as a mechanical engineer, after which he decided on a business career and earned an MBA. While studying at Wichita State University, he founded the Association of Collegiate Entrepreneurs and then expanded the concept nationally and later globally when, in 1987, he founded the Young Entrepreneurs Organization (now: EO). Working and consulting […]

What is Fractional Integrating? Fractional integrating is an approach to company management that involves hiring part-time executives or specialists to fulfill specific roles within an organization. It is seen as very cost efficient, gives access to a diverse skill set and gives access to scalability. Ideally, fractional integrating allows businesses to adapt quickly to changes […]

Ever glance at someone’s success and think that it was just luck?  It’s easy to imagine that some people are just born under a lucky star, always finding themselves in the right place at the right time. But what if I told you that there’s more to luck than mere chance. This is where serendipity […]

In 1983, 13 employees of International Harvester purchased a part of the company that rebuilt  truck engines, called Springfield ReManufacturing Corporation (SRC). They put in $100,000 in cash and assumed $8.9 million in loans; a share in SRC was worth 10 cents. Twenty-five years later, SRC group’s revenue had grown from $16 million to more […]

The E-Myth, written by Michael Gerber, was first published in 1986 as a non-fiction book and re-released in 1995 as a business fable, titled The E-Myth Revisited. According to Michael Gerber, the e-myth, or entrepreneur myth, is that most companies are started by heroic business visionaries. However, in reality most businesses are launched by technicians, […]

Did you know that most employees are more inspired to work at companies that have a strong sense of purpose? When individuals believe their work contributes to a greater cause, they become more committed and productive. In a crowded marketplace, purpose becomes a powerful differentiator. These organizations go beyond mere profit-making; they actively contribute to […]

How well do you know yourself? Most of the time, we are not always in our ideal selves but that is a great thing. Why? Because it gives us the opportunity to get better each time. This implies that there is no end to better. You’ll feel good knowing that everyday, you have this chance […]

Who do you blame when something goes wrong? Or do you reflect on the situation instead of pointing fingers at others? Oftentimes, we find ourselves wondering how to never be offended. Why? Because when we are offended, we are not productive. @Ben Johnson, CEO of, says during his episode on the Management Blueprint podcast that […]

Your business can actually grow organically WITHOUT relying on venture capital. Yes, you read that right! You might say, “But, Steve, that sounds impossible!” Well, let go of that mindset. Remember that in every business, whether big or small, owners need to learn how to grow their organization without depending on investor funding. This is […]

Picture this: your business is thriving but you’re overworked and have no life outside your business. You might not even know what your life purpose is… The thing is, YOU CAN succeed in both life and business without sacrificing one for the other. Yes, you could go out with your family during the weekends without […]

Do you also struggle to network with fellow business leaders? What if I tell you that there is a possibility to cultivate your own networking group? No, we are not talking about exchanging business cards but a more lasting type of connection. One that will benefit you and your business in the long-run. Brian Jue, […]

How sure are you that your startup is a candidate for long-term success? Of course, you want your business to succeed. But the question is: “How do you do it right?” You must find a market fit first before giving it everything you have. You don’t want to waste your investment and hard work just […]

Do you wonder how companies go from a start-up to one of the industry’s leading businesses? The secret? You need to learn how to start right and do it correctly in the process. Greg Alexander, founder of Collective54, shares about the Boutique Framework (or Life Cycle Framework) designed to help firms to start their business […]

One of the struggles when leading a virtual team is the lack of participation during Zoom meetings. I could talk for an hour straight and they would be fine not interrupting me from my virtual stage. As much as I encourage them to also chime in their ideas, they would only do so when I […]

In this day and age, branding and marketing can make or break a business. So, it is important to know how to brand your business for your target market. One of the things that businesses struggle with is identifying their ideal customers, knowing their needs and wants, and effectively targeting them. However, the struggle does […]

There is a ton of opportunity in the digital marketplace. Everyone knows (or assumes) that this type of business offers flexibility, scalability, and the potential to tap into a global market. However, not many understand that not every business can be remote. Why? Because of the effort it takes to manage one. Dan Brownsher, CEO […]

There is much content on the internet with claims, and guarantees that make buyers more skeptical than ever. You cannot blame your customers for craving authenticity and transparency. They have the right to wonder if the experience showcased in front of them accurately reflects what awaits behind the paywall. It’s very hard to stand out […]

Running a successful remote team might seem like an impossible task. As a business owner who manages a remote team myself, I can assure you, it’s not only possible but also potentially more efficient—provided you adapt your management style to the unique challenges of remote work. Contrary to what some might think, successfully managing a remote […]

Have you ever thought about partnering with someone to jumpstart your business career? I have always thought that a partnership, particularly a 50-50 one, is a challenging one. Why? See, two individuals could have two different talents and styles of management. So, both need to learn how to work together but also work independently so […]

Grandma Ica Shares Her Values When I was sixteen, and our parents become more prosperous, they decided to build a house for our family. My mothers’ parents sold their apartment and moved in with us. There was plenty of room and since they had great personalities, the cohabitation worked surprisingly well. It was a great [...]

Several of my clients have complained over the years about how tricky it is to hold their direct reports accountable. Impatient CEOs try to fix perceived problems or lack of information by going direct to employees reporting to others. We call these actions end-runs and they have the potential to derail your company. When you […]

Following last week’s blog  on “Fixing Your Financials”, Selling Your Strategy is the second of five grooming strategies.  You should execute as many of these as you can when preparing your Buyable Business for an equity harvesting transaction. Selling Your Strategy is made up of seven tactics, the four of which are the subject of […]

In my upcoming book, that I will reveal soon, there is a chapter about grooming a business for sale including 5 strategies. The first of these I call: Fixing Your Financials.  Here are the four areas to focus on to cover this strategy. Provide Three Years of Financials The financial statements are the first and […]

Here is a real-life story about what grooming your business looks like. János Gréczi is the quintessential self-made entrepreneur. He started importing apparel and nonalcoholic beverages after the fall of the Iron Curtain, and over time he developed the latter concern into a full-fledged beverage distribution business. Later he invested in production equipment using government […]

I believe there are three ways to grow a company. Each is valid and a fit for a different type of entrepreneur. Each has the potential to make a business buyable. Let’s look at each approach in turn. Build Your Business by Buying a Franchise The first approach is the “franchise prototype way,” advocated by […]

As you may have guessed a “Buyable business” is a company that others find valuable and would want to buy. Doesn’t that seem redundant? Why should anyone want to build an “unbuyable’ business? Why would they want a business that does not come across as valuable and desirable to others? Who would want to own […]

In the past 10 days, three of my Entrepreneurial Operating System (EOS) clients arrived at exactly the same conclusion: “Don’t let Covid be our excuse”. This is remarkable and obvious for different reasons.   Let me explain.   Let PPP be our bonus It is remarkable to see the resilience of American companies in this […]

I recently met with a construction company committed to using the “OKR” (Objectives and Key Results) approach. This reminded me, that the Entrepreneurial Operating System (EOS) uses a modified version of OKRs, called Rocks. In my experience Rocks work better than OKRs, most of the time.  The reason is, that EOS wraps Rocks into a […]

“Can you find me the EOS of software development?” – asked Nick Beavers, the owner of a prospering software company. “I have been looking for a simple self-sustaining system for writing code and was wondering if there was one out there.” — he explained. I pinged my EOS Implementer friends on Slack, but Agile was […]

A headhunter approached me today for a C-Level position at a large advertising agency. I have been self-employed for the last 19 years and have doubts whether I would even be capable of working at a large organization, but my curiosity got the better of me and I clicked to learn more.   They had […]

You have been and will be reading a lot about the importance of processes, including mindless process, in this newsletter. I am a fervent believer in them as they can help create scalable, manageable and fun businesses, where people at all levels execute efficiently, without hesitation, delivering quality performance. Isadore Sharp, founder of Four Seasons, […]

At a recent visit to my ophthalmologist, I was struck by how little time the doctor spent with me and nevertheless how satisfied I was with the visit. Of the 75 minutes I lingered, five were spent with the receptionist, and an hour with two medical associates. One of them conducted measurements and gave me […]

Time management has long been my obsession. It’s really a euphemism for self-management and the end-all and be-all of productivity. (The Entrepreneurial Operating System [EOS] is, at its essence, a self-management program for companies.) One major time management tactic is time blocking. Recently, I was reminded of this when reading Gary Keller’s “everywhere bestseller” titled […]

I have come across multiple businesses lately where a “Visionary” decided to descend from the strategic heights to retrieve the reins of the business from their number two “Integrator” whom they had earlier appointed to run the show.

Welcome to the January edition of the Management Blueprint, including: (1) tips about leveraging your time, (2) how to supercharge your sales organization; (3) a rant about how NOT to systemize your business; and (4) six local entrepreneurs sharing their favorite business books. Be sure to read this issue and start the ’20s with the […]

Welcome to the December edition of the Management Blueprint. Read about the originator of the principle management ideas of our times; what it means to run your business on multiple operating systems; and what a handful of entrepreneurs think about the skillset you need in the 20’s.   http://bit.ly/MBP_03  

Dear Reader, Welcome to the November edition of the Management Blueprint newsletter, with the following articles: The CEO is the Rising Tide Individual Rocks: To Share or Not to Share Management Blueprints and Why Use One Entrepreneurs’ Corner Feel free to download your latest Management Blueprint here.  

Dear Reader, You are holding in your hand the inaugural edition of Management Blueprint, a newsletter written by and for the business owner and leader. Management Blueprints, such as the Entrepreneurial Operating System® (EOS®), are social systems, that allow small and medium size privately owned businesses to succeed. This newsletter is the medium through which […]

Shared a bagel with Jamie Ledwith, a great business banker with Village Bank in Richmond, this morning and he helped me understand another angle how an EOS Implementer helps business leaders. And it comes back to why we are social animals and how it helps us survive and evolve. According to healthresearchfunding.org, married men live […]

How to Downsize your EOS Leadership Group, without disappointing leavers? I often get this question from clients who start EOS with a large leadership group of over 5-7 people. There are multiple reasons for starting with a big team. Some CEOs want to use EOS to engage middle management in the vision building process. Sometimes […]

The idea of the Level 10 Meeting is that we all take responsibility to make it a highly useful time investment. We rate the meetings to confirm that people find it valuable and if they don’t (ratings lower than 8) we process the issue and find out what is causing frustration / can be improved. Let the process do the heavy lifting for you, and via the rating process, force people to be forthright about their assessments of the meeting and to have to deal with the issues in the open, rather than in the corridors.

I answered a question on Quora this week: How do we get employees to recognize that there is just one team? When employees feel disconnected from the purpose of the company than they will look to fulfill their belonging needs at their department’s level, or even outside the company. Conversely, for the employees to feel [...]

If you are, or ever wanted to build a business, the art of delegation is a critical skill to learn. But is this really true? – you ask. Can one not build a fully automated business with technology, that needs no people to employ? Possibly.  But I would challenge you to show me a business […]

I recently hired a lawn care company to remove a few bushes and a tree trunk and build drainage in my back yard. The contractor is a friend, a great guy whom I have know for a couple of years and he ended up doing a great job at a reasonable price. However, during the […]

One of the superpowers of the Entrepreneurial Operating System (EOS) is making the distinction between the roles of the “Integrator” and those of the “Visionary”. Who is the Integrator The Integrator is the person who runs the business. He or she makes sure all executives work together as harmoniously as possible, keeps leaders on task […]

One of my clients implementing the Entrepreneurial Operating System (EOS) asked me today how he should handle his overwhelming to do list. No doubt, this is an affliction impacting most if not all of us. We have more things than we can ever hope to accomplish and every successful action begets more tasks that we […]

If you are a boss, you know that holding people accountable can be a bear. You probably recall many occasions where you have delegated a task to someone, who promised to do it, but something came up and they ended up not delivering. When you followed up you got a reasonable excuse that was hard […]

Distracting Ideas Unfocus CEOS In this late hour video, I talk about the Shiny Objects Syndrome that affects CEOs and business owners, who are addicted to exciting ideas and are willing to sacrifice growth and profitability for the thrill of chasing them. Shiny Objects are ideas and opportunities that excite the business owners and distract […]

One of my EOS clients asked about involving teams below the executive level in rock setting, instead of assigning rocks top down. His team had apparently asked for the opportunity to pick their own rocks, but he felt apprehensive about letting go of that process, besides not seeing a distinction between the top down delegating […]

Mergers are about integration. They are not about finding the partner company, nor affecting the transaction, however complicated either of these may be.  Most mergers fail due to a lack of integration after the merger.  The two companies hold on to their own identities far too long and miss the opportunity to create a future […]

Welcome the Tension of Having a Constraint in Your Business. When there is no clear constraint, you have nothing to focus your efforts on. Your energy gets diffused and you lack the tension to push back against. Think about the great tennis rivalry of Federer and Nadal.  If it wasn’t for the tension they faced […]

There Are 3 Types of Decisions You Can Make. The best decision is a GOOD decision.  This happens when you make a decision that turns out to take your organization in a good direction, as born out by subsequent events and information. The second best decision you can make is a BAD decision.  A bad […]

Cooperation: The Final Block The final block in the lowest rung of John Wooden’s Pyramid of Success is Cooperation. Listening, evaluating, embracing van be a tough job for the string-willed leader, but it is the only way to leverage the collective brainpower and commitment of your group. Cooperation is the only difference between the Leader […]

Pat Lencioni speaks in his latest book, The Advantage, at length about why companies, if they want to succeed, having to be Smart and Healthy at the same time. He defines Smart as being an expert in your business. Understanding your market, how to serve it and being intimately familiar with your costumers, products, services […]

New Vlog Series on Leadership Philosophy Check out my new vlog series on LinkedIn about UCLA Bruins 10-times champion coach, John Wooden’s leadership philosophy, including his Pyramid of Success. Today’s first episode is about Limestone #01 in the pyramid, which is called Hard Work (Industriousness). Stay tuned for upcoming vlog episodes about the other limestones […]

Central Virginia is full of custom license plates. It seems to be a local fad to come up with weird plates, often a riddle which help drivers forget the frustration of a slow traffic light. Some license plates are questionably sensible, however, like the one on the picture: “Carpe PM”. — I guess it wants […]

I recently received an email from one of my EOS Implementation clients, which read as follows: “I understand that Rocks are defined as not urgent but important projects, they need to be SMART and achievable in 60-90 days. What I don’t fully grasp is how rocks relate to company objectives, which I feel like will […]

Greed and Fear are the two of the strongest human motivators, including for us entrepreneurs. When your business is on a roll, it will wet your appetite for more growth and success. 2007 was the best year for my investment banking business, and as we moved into 2008 with a full pipeline, I decided to […]

Self-implementing EOS® is one of the options available for making your business run on the Entrepreneurial Operating System®. It is an alternative to hiring a Professional EOS Implementer and paying him or her several thousand dollars for facilitating on average 5 days of leadership meetings a year, to implement and maintain Traction® in your business. […]

Another new year has arrived, bringing the perfect opportunity to start fresh and create the kind of year your business truly deserves. For many companies, the last quarter is a whirlwind—closing orders, making the most of client budgets, and working hard to enjoy a well-earned holiday break. After all, doesn’t everything feel better when you’ve […]

If you’re driven and ambitious, chances are you have a long to-do list and not enough time to get everything done. This is completely normal—and honestly, a sign you’re on the right path. Linus Pauling, the Nobel-winning chemist, once said, “The best way to have a good idea is to have a lot of ideas.”  […]

Let’s talk about New Year’s Resolutions (NYRs). Some people say they’ve given up on them, but honestly—didn’t you reflect on 2017 during the holidays and sketch out some goals for the New Year? For businesses, NYRs often translate into things like revenue targets, profit goals, paying off credit lines, replacing underperformers, or launching a new […]

Is your business facing challenges? You’re not alone. Most small and medium-sized businesses face growth ceilings at some point. But here’s the good news: you can triple your profit in just three years by adopting the right strategies. How? Let’s dive in. Most small businesses are founded by individuals who feel passionate about a commercial […]

How does running a $5 million company compare to leading a $50 million or $500 million business? Does it require the same skills? The answer is clear: as your business grows, so does its complexity. Leading larger teams, competing with top-tier rivals, managing risks, and dealing with public scrutiny—all demand advanced leadership skills. That’s why […]

You’re three months into the fiscal year, and sales are 15% behind target. What’s the plan? Some companies rationalize the lag with excuses like “a couple of slow months,” “losing a key client,” or “the departure of a top salesperson.” These things happen, so the explanations feel logical. Maybe the team hopes to catch up […]

Ever heard of the Flywheel Effect? Jim Collins explains it in Good to Great. Imagine the London Eye—a massive wheel weighing hundreds of tons. It takes a lot of effort to get moving but, with consistent pushes, it eventually builds unstoppable momentum. Now, contrast that with an airplane propeller. It fires up almost instantly, reaching […]

When you think about running your business, what’s your top priority? Power or profit? I know what you’re probably thinking—”Both!” It’s the obvious answer that most business owners would give if they’re being honest. Sure, everyone wants profit, but let’s not forget the thrill of feeling important, being the owner or the CEO. We like […]

If you’ve had experience with EOS®, you understand that Rocks can elicit both affection and aversion. Your team might cringe when we prioritize them, feel anxious when they’re asked to take ownership, and maybe even curse them under their breath as deadlines approach. But once those Rocks are conquered? They feel a huge sense of […]

EOS® Enthusiast, If you’re curious about how the Entrepreneurial Operating System® (EOS®) works and want to read about my insights and experiences as an EOS Implementer and Entrepreneur Coach, make sure to bookmark these pages and visit often! I’ll keep you updated on everything happening in my world of EOS implementation and coaching business owners […]